12 Jul, Eur/Usd - Pick It Up

Back trading my FXDD account above with my MT4. Well, I felt a lot calmer trading with this. I know it is more "expensive" due to the spread cost. But I don't find myself jumping in all the time. Important thing tonight is to pick myself back first.

Sold the Eur/Usd pair on after a little pullback on the generally downtrend. Picked up my first position with +5 pips on full size. I still have running trades with smaller size position and tight stop-loss. I find that once it break 38.2 fibo level I should be out of it, else I should let it run.

Congratulations to Spain on World Cup 2010! Watching the match (2:30am in a Monday morning) makes me a zombie at work today. :)

Gonna get some rest.

Black.

PS: Closed all @ +21pips.

Time For Kit Kat

I did badly since July. I think I need to take a break and do some self-study and re-focus. I did bad because of noob reasons. In my last post, my aussie trades failed me, or rather I have failed myself. The pair I longed, moved all the way down 80+ pips after barely touching my take-profit 10 pips away. I got stopped out.

Firstly, I forgot the fact that take-profit should be targeted at price R/S level, not where I want. I put my take-profit at 0.8800 typical double-zero level and stubbornly holding it even when price was about 0.8780 area. I should know better that it's not everyday Sunday kinda thing.

Secondly, I should only be trading at my usual time. New York session and when I'm most comfortable, not anywhere when I can log-in and do it. I need some serious cut down.

I may post some poker results if I do play but I will take things easy. Time for theory lessons (my ordered books are here :)) and I'm halfway through in Zen And The Art of Poker. 

Good luck guys!

8 July, Eur,Gbp,Aud/Usd - Long Day

Traded most of my day. Scalp a lot. This and that. Basically, I think I need to cut down the number of trades and take each position more seriously. Less words more screens today.

Scalp couple of trades in Eur/Usd.

Got killed by the cable bad data release on Halifax & Manufacturing Production.

My only hope now lies with Aussie. Take-profit @ 0.8800. But it seems awful. It went up to 0.8790 and now back at 0.8758. :(

Black.

Strange Encounter & One of Those Days

I have recently switched all my bookmarks/google-following into simply a firefox add-on call feedly. Quite cool for a feed reader. At least now I gathered all my sites which I frequently visit into a single location and then only turn on the feedly and read, instead of visiting each sites. On top of that, it synchronizes with Google Reader.

Well, here's a strange encounter I had with Oanda customer service. Oanda Asia Pacific here in Singapore conduct a bi-weekly platform training in their head-office. So I receive an email and decide to ask Bottle along. I send an email to them to register for two seats this month-end. It shd be useful. Here was the email correspondences:

Me: Hi, I'm registering for 2 seats for your 30th July session, Black and Bottle, looking forward to your confirmation.
Oanda: Dear Alan, Thank you for your interest in OANDA Asia Pacific (OAP). We are pleased to confirm your attendance for our platform training on 30th July. Looking forward to see you.

Me: Hi, This is Black, not Alan. I have registered for two seats in my previous email. Please confirm, thanks.
Oanda: Dear Black, My apologies on that. Yes, we have confirmed your attendance for tomorrow. Thank you.

Me: In my previous email, it was 3 attendance, for 30th July, not tomorrow!!!! (exclamation mark added in this post)

That officer called me the next morning and apologize to sort things out. Well, I wasn't angry, just find it interesting. I wouldn't say the same if it's talking about funding/withdrawing my money lol.

Anyway, today I mobile traded again and got punched in the face. It seems that the market was trying to tell me to take him seriously. It's not something I can simply buy/sell while sitting in the office. I longed the cable and it went 4 pips before my take-profit and went back all the way down into the drain. I came home to recover a little bit back. But was out too early, due to fear brought in from the day.

-50 pips.



Black.

2 July, Eur/Usd - Non-Farm Payroll

Time of the month again. I fired up both my Oanda & FXDD, thinking that I would be trading with FXDD tonight, due to pip that spread as much as 3.5 (Eur/Usd) for Oanda. But NO. I didn't touch FXDD at all, not that I didnt touch, but it wouldnt allow me. As soon as the data release, I longed. FXDD MetaTrader4 replied me "No Connection". Wth? Otherwise it would be a "slippage" occurred, most of the time.

Forget it, I thought. I threw it aside and popped back to Oanda and started buying. I was up a lot. And then greed got me and I bought at 1.2610 resistance level. Dead meat. Based on the volatility, I was switching side all the time (between buying & selling). I switched very fast, taking bit by bit. Seriously, I couldnt count the amount of transaction I took tonight, let alone the pips.

After initial losses, I admit the revenge monster did appeared. But not towards the pips size luckily, but still diving back into the chart, dangerously. I don't know how to count the pips I took, if I try I would have post this next morning by the time I finish calculating the winning & losing pips.

I don't know why but I have the tendency to go in a lot of trades with Oanda. When I flipped back to MT4, I juz don't feel like doing anything. Exhausting, time to take a rest. Happy weekend everyone!

+0.6%


Black.